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Blockbuster - Laurel
1710 Highway 51, Laurel, MS 39440
N/A
5,200 SF
Retail
Free Standing Bldg
Retail (Other)
Retail Pad
Investment
8.29%
Single
2003
0.75 AC
-
Last Verified 4/14/2006
Listing ID 14398052
Highlights
Easily Managed - Only 2 Tenants - 100% Occupied- Excellent Credit - 100% National Tenants
- Blockbuster Lease Has 8 of 10 Years Remaining
- Long Term Tenants - 77% With Ten Year Intitial Lease Terms
- Pad to Office Depot / Dollar General Anchored Center
Description
The Laurel Blockbuster Center is a 5,200 square foot, two-tenant shopping center featuring two national retailers as tenants. The center is 100% leased, and is occupied by one of the nation's largest Blockbuster Video franchisees (franchisee operates 43 Blockbuster Videos in multiple states) and an Advance America Cash Advance ($1.34 Billion Market Cap).
The Subject Property is located roughly an hour southeast of Jackson, MS and twenty minutes northeast of Hattiesburg, MS in Jones County. The Property benefits from its prominent location as a pad / outparcel to an Office Depot / Dollar Tree anchored center on the main thoroughfare of Highway 15, just down from a Super Wal-Mart. Other area retailers and establishments include Aaron Rents, Dollar General, Winn-Dixie, and McDonald's. Additionally, nearly 30,000 people reside within five miles, with an average HH income within one mile of over $51,000.
Map of Laurel, MS, 39440 - exact location not found
Created 11/8/2005
The information above has
been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified
it and make no guarantee, warranty or representation about it. It is your responsibility to independently
confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are
for example only and do not represent the current or future performance of the property. The value of
this transaction to you depends on tax and other factors which should be evaluated by your tax, financial,
and legal advisors. You and your advisors should conduct a careful, independent investigation of the
property to determine to your satisfaction the suitability of the property for your needs. TB-P